ArvinMeritor Announces Construction of New Commercial Vehicle Systems Plant in Mexico and Autoliv Extends Share Repurchase Mandate
City of Industry, CA --(www.USEquityNews.com)-- 11/09/2007 - Automotive Technology industry alert provided by U.S. Equity News. ArvinMeritor, Inc. (NYSE: ARM) recently announced it will open a new Commercial Vehicle Systems (CVS) facility in Monterrey, Mexico. This new facility - which will include approximately 400,000 square feet of manufacturing and office space - will provide additional capacity for the company's axle and brake assembly operations and component manufacturing. "We are looking forward to beginning construction of this new facility," said Carsten Reinhardt, president of CVS for ArvinMeritor.
TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety systems, is unveiling a new electric drum-in-hat (eDIH) park brake concept that frees up valuable interior space, allows for easier installation with fewer components, and integrates with other safety systems to bring the safety and comfort benefits of electric park brake technology to a range of larger vehicles. The system is anticipated to be production-ready by 2011. The eDIH system, along with other TRW electric park brakes, eliminate the need for hand levers or foot pedals in the cabin interior to engage the park brake.
Autoliv Inc. (NYSE: ALV) the worldwide leader in automotive safety systems - recently announced that its Board of Directors has approved an extension of the Company's stock repurchase program. As a result, management is authorized to repurchase an additional 7.5 million shares or approximately 10% of the Company's outstanding common stock of approximately 75 million shares. This mandate is the fourth buyback authorization since the adoption, in 2000, of the Autoliv stock repurchase program.
PTA Holdings, Inc. (OTC: PTAH) recently announced that it executed a Letter Of Intent with US Boron, LLC ("USB"), a major chemical lubricant manufacturer that supplies specialty lubricants to heavy industry and manufacturing, to form a Joint Venture to develop and market Mileage Enhancement Modification Packages for internal combustion engines. The Joint Venture will be called Mileage Management Corp. ("MMC") and PTA will license its proprietary V-Flow Fuel Maximizer for use in this package. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com
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